| | Excellent Online Casinos News Archive| Online Casinos Company Offers Empire Buyout | | | Publication Date: 4 Sep 2005 | |
Empire Online has recently been in the news for its float on the London Stock Exchange. This online casino marketing company has just received an offer – a $1.44 billion offer – to be bought out by another online casinos company. This price offer is considered to be 2% high than the current value of Empire. The deliberating company stated that the acquisition entailed stocks and cash. As far as online casinos go, this was a very immediate offer for a company that just completed its float.
Several UK newspapers on Saturday reported that the company offering the huge sum is Sportingbet.Speculation regarding other online casinos included one of the best-known and largest poker and online casinos operators PartyGaming, William Hill, and Paddy Power. Sportingbet is the analysts' pick, and there may even be proof. Sportingbet, at the moment, does not have the money available to acquire Empire Online, explaining the mixed stocks and cash offer. Cassava-owned 888 was dismissed because shares were offered and this online casinos company has not yet floated. Also, it would delay their targeted float date onto the London Stock Exchange which is supposed to be sometime this month.
Although Empire Online has not revealed the online casinos company making the offer, and has not yet agreed to any buyout by any online casinos, it is seriously considering the offer.
|
|
|
